Detailed text transcripts for TV channel - MSNBC - 20120526:13:42:00
>> well, so one of the things, you know, people talk about level playing field. what does that mean in practice? who actually was on the lower tier. what's interesting is the underwriting firms themselves are -- >> we say the firms themselves. >> right. morgan stanley was the firm that took facebook public. they were the ones who knew that business had gotten weaker. they were the ones who knew these newly revised analyst forecasts. and it's worth noting there's analyst forecast and then there's guidance. guidance is when a company gives a forecast but then analysts can make their own estimate...
Source: news source